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Latest: Asia Stock Market News

Australia’s Central Bank in Shock Rate Hike, Warns More Possible
Australia’s Central Bank in Shock Rate Hike, Warns More Possible

The Reserve Bank of Australia, which has drawn criticism in recent weeks, stunned markets on Tuesday by hiking its cash rate by a further 25 basis points

Jack Ma to be a Visiting Professor at Tokyo University
Jack Ma to be a Visiting Professor at Tokyo University

Ma will do research on sustainable agriculture and food production, and give lectures on management and business start-ups, the university said

Nikkei Advances as BoJ Stance Restricts Yen, Boosts Exporters
Nikkei Advances as BoJ Stance Restricts Yen, Boosts Exporters

Tokyo’s benchmark index was one of the few across Asia trading on May Day, posting gains off the back of a weak yen

Australia Set for Big Budget Rebound, But Tax Cuts Cloud Outlook
Indian Regulator Seeks 6 Months to Finish ‘Complex’ Adani Probe
Lithium Prices Rise 10% After Five-Month Slump
China’s Biggest Banks Report Declining Interest Margins
Huawei Helps China Improve Mine Safety as Coal Output Grows
China Fuelling War by Selling Russia Parts for Weapons – EP
Hang Seng, Nikkei, China Stocks Rally on Strong Earnings Boost

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Markets: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors